What You Should Know:
– Fabric, a frontrunner in healthcare technology has acquired TeamHealthVirtualCare, a virtual care provider licensed nationwide and part of TeamHealth, a prominent physician practice group in the United States.
– The strategic move marks Fabric’s fourth acquisition in 18 months, reinforcing its dedication to providing top-tier, accessible virtual healthcare services to payers, employers, and health systems. Financial details of the acquisition were not disclosed.
Enhanced Collaboration and Expanded Technology
The acquisition will foster collaboration between Fabric and TeamHealth on projects leveraging Fabric’s technology to boost efficiency and patient access. Health systems previously served by TeamHealth VirtualCare will seamlessly transition to Fabric, gaining access to a broader technology suite designed to elevate omni-channel patient experiences and streamline both virtual and in-person care.